Iran became a major player in the Ukraine war, with Russian goods being shipped to India via new trade corridors

Moscow India’s trade with Russia continues amid Ukraine war Meanwhile, Iran’s state-owned shipping company has made history by shipping goods through a new trade corridor between India and Russia. The company used the International North-South Transport Corridor (INSTC) to transport goods from Russia to India. According to a Bloomberg report, an Iranian official said that the ongoing war between Ukraine and Russia did not affect trade further, so the new trade corridor was tested. Russian cargo consists of two 40-foot (12.192-meter) containers made of sheets of wood, weighing 41 tons.

This 7200 km long trade route has bypassed Pakistan and Afghanistan. If the same goods reach India from Russia via the Suez Canal, it will have to cover a distance of 16112 km. In that case, if this trade corridor becomes active, not only will trade between India and Russia increase tremendously, but also trade relations with Iran and Kazakhstan will be strengthened.

Russia has overtaken Saudi Arabia to become India’s second largest oil supplier.

How did Russian goods reach India?
According to the report, the goods made in St. Petersburg were brought to Astrakhan in the Russian port of Solanka on the shores of the Caspian Sea. From here the goods were brought by ship to the Iranian port of Anjali Caspian. Goods were transported by road from the port of Anjali to Bandar Abbas on the shores of the Gulf of Hormuz. From here, the cargo was shipped to the port of Mumbai via the Arabian Sea.

However, the report did not specify when the cargo was sent to check the corridor or the type of cargo in the shipment.

Pakistan and Afghanistan were bypassed.
In the INSTC Transport Corridor, goods from Russia will reach India via the Caspian Sea, Kazakhstan, Iran and the Arabian Sea. Removing Afghanistan and Pakistan from this route will also reduce the risk of cargo during transportation. In addition, unnecessary delays due to government interference in transportation will be avoided. For years, India, Russia and Iran have been in talks to boost bilateral trade.

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Time and shipping costs will be reduced.
International business experts believe that INSTC can reduce transportation costs by up to 30%. Not only this, 40% savings can be made in shipping time between India and Russia. (With agency input)